EU BACKERS OF FINANCIAL TRANSACTION TAX MOVE TOWARDS DECEMBER AGREEMENT OF DETAILS
October 1st, 2014
THE EUROPEAN Union’s (EU) finance ministers agreed at an EU economic and finance ministers (ECOFIN) meeting on the scope of the long-threatened ‘financial transaction tax’, and 11 governments pledged to reach an agreement on its details by the end of the year.“We made good progress on both the identification and the criteria that would be subject to tax,” Italy’s finance minister and meeting chair, Pietro Carlo Padoan, told journalists at the conclusion of two days of talks on November 7.He added that his colleagues had agreed on the scope of the ...
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